OPEC+ Keeps November Output Targets Steady

OPEC+ agreed to maintain oil production targets for November during a meeting on Sunday. Core members kept output ceilings unchanged as market tightness persists.

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FILE PHOTO: A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/File Photo

OPEC+ agreed to keep November oil output targets steady during an online meeting on Sunday morning, leaving production ceilings unchanged. The decision aligns with market expectations as ongoing regional conflicts continue to disrupt exports. Output adjustments are unlikely until next year.

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